Suncor Energy Inc. filed its 2025 Annual Report, 2025 Annual Information Form and 2026 Management Proxy Circular on February 26, 2026, and announced the renewal of its Normal Course Issuer Bid (NCIB) to repurchase up to 118.7 million common shares through March 2, 2027. The new program, effective March 3, 2026, allows the company to cancel up to 10 % of its public float, giving it flexibility to buy back shares at market price and return capital to shareholders.
The renewal follows a prior NCIB that ran from March 3, 2025, to March 2, 2026, during which Suncor repurchased 54.15 million shares for approximately $3.075 billion at a weighted average price of $56.79 per share. The new cap of 118.7 million shares represents a modest increase, reflecting the company’s confidence in its cash‑flow generation and long‑term prospects.
Suncor’s Q4 2025 financial results, released with the filing, showed net earnings of $1.476 billion ($1.23 per share) and adjusted operating earnings of $1.325 billion ($1.10 per share). Record upstream production of 909,000 bbl/d and refining throughput of 504,000 bbl/d underpinned the earnings growth, while lower upstream price realizations and a foreign‑exchange loss weighed on adjusted operating earnings.
The company’s capital‑return strategy has been a key pillar of its shareholder‑value approach. In Q4 2025, Suncor returned roughly $1.5 billion to shareholders through $775 million in share repurchases and $719 million in dividends, and $3.0 billion in share repurchases for the full year 2025. The renewal of the NCIB signals that management believes the current share price represents a good investment opportunity and that the company will continue to generate excess cash to fund future growth and return capital.
The filing also includes the 2025 Annual Information Form and the 2026 Management Proxy Circular, which provide detailed financial statements, management discussion and analysis, and governance information for investors and regulators. The renewal of the NCIB, combined with the robust Q4 results, underscores Suncor’s commitment to maintaining a disciplined capital allocation policy while supporting its long‑term strategic objectives.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.